News Release

BankUnited Awards $100,000 Grant to Change Capital Fund

MIAMI LAKES, Fla.--(BUSINESS WIRE)--Jun. 8, 2017--
BankUnited President and CEO Rajinder P. Singh announced the bank
awarded a grant totaling $100,000 over two years to Change Capital Fund
(CCF), which helps expand economic opportunity for individuals and
families in New York City through established, community-focused
nonprofit organizations.

“BankUnited is committed to supporting local organizations that bring
positive change to our neighborhoods,” said Singh. “CCF’s work
demonstrates that, with proper funding, nonprofit organizations with
strong community ties and core competencies in housing, education and
jobs are well-positioned to create opportunities for economic growth for
low-income individuals and families.”

CCF invests in community organizations to increase economic mobility in
New York City’s persistently low-income neighborhoods. The fund’s four
grantees collectively serve more than 8,500 people per year in
CCF-supported programs. Through their joint efforts, they have helped
place individuals without extensive work histories into higher-wage
jobs; encouraged first-generation college students to enter school and
stay enrolled; and helped academically struggling students improve. In
addition, CCF grant recipients provide affordable housing for over 6,000
households.

Patricia Swann, co-chair of Change Capital Fund and Senior Program
Officer at The New York Community Trust, said, “All of us at Change
Capital Fund are thrilled to welcome BankUnited to our donor
collaborative. New York City’s community development field benefits when
banks, philanthropy and the City collaborate to move the field forward
and that is more important than ever at this historic moment. The Bank’s
membership sends an important message about our ongoing commitment to
increasing economic mobility in New York’s high-poverty neighborhoods.”

BankUnited’s community development and outreach initiatives provide
support to nonprofit organizations serving low- and moderate-income
(LMI) individuals throughout Florida and metropolitan New York in the
areas of affordable housing, financial stability and education. For more
information, please visit bankunited.com/about-us/community-development.

About BankUnited, N.A.

BankUnited, N.A., a national bank and wholly-owned subsidiary of
BankUnited, Inc. (NYSE: BKU), is headquartered in Miami Lakes, Florida
with 92 banking centers in 15 Florida counties and 6 banking centers in
the New York metropolitan area at March 31, 2017. One of the largest
independent depository institutions headquartered in Florida by assets,
BankUnited provides a wide range of commercial and consumer banking
services. For additional information, call (877) 779-2265 or visit www.BankUnited.com.
BankUnited can be found on Facebook at facebook.com/BankUnited.official
and on Twitter @BankUnited.